Bill Gates to donate $1Bil Fund for new technology aimed at climate chage

The Billionaire philanthropist will announce on Monday that he will set up a new fund of $1Bil that will invest in technologies aimed at tackling the climate change (an answer to Trump’s campaign?)

The name of the fund is Breakthrough Energy Ventures and it is aimed at giving the financial muscles to new ideas to deliver affordable and reliable zero carbon emissions.

The organization will be funded by other VIPs such as Amazon founder Jeff Bezos, Alibaba owner Jack Ma, and Virgin Group founder Richard Branson.

From Bill

Gates commented

”We need to be exploring many different paths — and that means we also need to invent new approaches. Private companies will ultimately develop these energy breakthroughs, but their work will rely on the kind of basic research that only governments can fund. Both have a role to play.”